How do you know a storm is coming? Look at the clouds. A Cyber Signals report published by Microsoft’s Threat Intelligence team in May detailed how a Moroccan threat actor known as Atlas Lion, or Storm-0539, conducts financial crimes, such as gift card fraud, by abusing cloud services.
Backstory. Storm Atlas typically starts by obtaining free trials and student accounts on cloud service platforms. Another way in is to impersonate nonprofits or charities and ask for “sponsored” or “discounted” services. They then “create virtual machines and launch their operations,” mostly targeting US-based retailers with phishing and smishing campaigns. They’ll exfiltrate data and conduct gift card theft, gather info for future attacks, and continue the process all over again.
IT Brew caught up with Emiel Haeghebaert, a senior hunt analyst on the Microsoft Threat Intelligence team, to discuss the nature of the group and its schemes.
Can you dive a bit more into the aspect of setting up student accounts or free trials on cloud service platforms and what that entails?
“Absolutely. I think all the major cloud providers have trial services or student accounts where you…have to provide your information—maybe a credit card on file, provide an email address, and then you can get, for example, 30 days of access up to $50 of value,” he told IT Brew. “And that $50 is calculated by…what you’re using. So, if you use a virtual machine, and you’re doing all kinds of crazy things on it, that $50 will be gone very quickly.”
The cyber group—which Microsoft first started tracking in 2021—has stolen “up to $100,000 a day at certain companies,” the report also stated.
Read more here.—AF
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